Vol. 3, No. 6 — June 2026Independent since 2024

TheCompound Journal

Reporting on incretins, compounding & the peptide supply chain

A monthly journal of record.
30 issues · 32 contributors
Not medical advice. We sell nothing.
T H ECOMPOUNDJOURNALVOL. 3 · NO. 1JANUARY 2026

Volume 3, Number 1

January 2026

On reading the analysis plan before the paper, and the argument it settles.

60 pieces in the issue·110 also filed·30 contributors·140,759 words

Previous
Dec 2025
Volume
III

Editor’s letter

There is a version of this beat that consists of reprinting announcements with adjectives added, and it is well remunerated. The alternative requires reading the appendix, buying the vial, paying for the analysis, and writing to twenty companies every quarter about questions most of them would rather not answer. This issue is the second kind, as every issue has been.

In this number, 60 pieces across 8 departments, with 110 further dispatches filed from the newsroom and 30 contributors on the page. We lead with Orla McCaffrey on Two years ago we ran an anonymised version of this comparison and promised a named one. This is it, with every method printed in full and set beside it Marguerite Vasseur in Clinical Trials. Part 11 of The First Twelve Weeks continues on the inside pages.

The regulatory picture keeps reminding everybody of something structural: a permission granted because of a shortage does not survive the shortage. That was foreseeable, it was foreseen in these pages, and it has now happened to businesses that planned otherwise and to patients who were not consulted. The commercial story is a story about risk. The patient story is a story about sixty days’ notice.

Nothing in this journal is medical advice, and several of the compounds discussed in it are sold for research use only and are not approved for human use anywhere. That sentence appears in every issue because it is true in every issue.

Contents

60 pieces

Pharmacology

8

The incidence tables, read line by line

Trial adverse-event tables count episodes reported to a study nurse. They are the best data we have and they systematically…

Anneke van der Molen
1297 words

Diminishing returns, quantified

The ceiling in this class is anatomical: the same receptor populations that suppress appetite provoke nausea, and they saturate…

Priya Ramanathan, PharmD
2443 words

What changing your injection day does to retatrutide exposure, and what it does not

What the pharmacokinetic data supports about dose timing, missed doses and interruption.

Salomé Adeyemi
1350 words

Adverse events by dose, adverse events by week

Almost every figure in circulation about tolerability comes from six publications. This is what they say.

Yuki Morishita
1468 words

Reading the receptor: what distinguishes cagrilintide from survodutide at the molecular level

A tour of what happens in the thirty seconds after binding, and why it matters at week thirty.

Delphine Ruzek
1274 words

Holding a dose is a decision, not a failure

A dose held long enough stops being a pause and becomes a maintenance decision. That transition is rarely made explicitly.

Marguerite Vasseur
1505 words

The trade has decided the ceiling is arbitrary. The trials disagree.

Where the curve flattens, what flattens with it, and what does not.

Delphine Ruzek
2480 words

What actually helps, ranked by evidence

We separate what is supported, what is reasonable, and what is folklore, and we do not pretend the boundaries are crisp.

Yuki Morishita
1309 words

The Supply Chain

8

Adsorption, and the dose that stayed on the glass

At low concentrations a measurable fraction of peptide can adsorb to glass and plastic surfaces, and the loss is largest exactly…

Roshan Devakumar
2067 words

Turnaround, cost and accreditation across the services this trade relies on

We asked all four services what they can determine, on what timescale, at what price, and under what accreditation. The answers…

Lucía Berenguer
3022 words

Janoshik, Medutest, PeptideMeter, VendorInvestigate: a capability audit

Four independent services underpin confidence in this market. All four are competent at chemistry. Microbiology is a different…

Lucía Berenguer
1785 words

What a laboratory knows about the material it receives

Every third-party report in this market describes a sample somebody chose to send. That choice is outside the laboratory’s…

Noor Haddadin
2058 words

Repackaging, subdivision, and the batch number that changed hands

A document is only as good as the chain that connects it to the material, and most chains here are two or three links longer…

Orla McCaffrey
2069 words

What twenty companies say about storage, and what they have measured

What would make a difference is not a regulator. It is three lines on a certificate, all of which are already known to whoever…

Roshan Devakumar
1557 words

What the four services actually offer, test by test

A compendial sterility test takes fourteen days of incubation and consumes the containers tested. That timescale is incompatible…

Lucía Berenguer
2983 words

What twenty companies say about storage, and what they have measured

Storage instructions in this market are close to uniform and almost never accompanied by the study that would justify them.…

Roshan Devakumar
2008 words

Clinical Trials

8

Side effects, cost, supply, target: four reasons with four trajectories

Real-world persistence figures, with their definitions stated, because the definitions are doing most of the work.

Yuki Morishita
1454 words

What a low result means when intake has halved

What the trials measured, which in the case of micronutrients is very little.

Marguerite Vasseur
2787 words

The glycaemic panel before treatment: what is worth measuring and when

The assay is not the problem. The interpretation of a lagging integral as a current measurement is the problem.

Jonas Arvelo
1841 words

Maintenance dosing: what is licensed, what is practised, and what is evidenced

Every withdrawal trial compared full dose against nothing. The clinically interesting comparison — full dose against a reduced…

Yuki Morishita
1710 words

Two sessions a week, and the evidence behind the prescription

The recommendation survives scrutiny. The reasoning offered for it frequently does not.

Jonas Arvelo
1431 words

What the trials monitored, and what that implies about routine practice

Every additional analyte raises the probability of a flagged result and lowers the average information content of the panel.

Anneke van der Molen
1546 words

The one randomised trial that combined an incretin with supervised exercise

Mass and function are different endpoints and training affects them differently. Most coverage treats them as one.

Jonas Arvelo
2127 words

Two-thirds back: the extension nobody expected to be the headline

Three randomised withdrawal designs have tested what happens when treatment stops. Their results are consistent and they are…

Anneke van der Molen
1612 words

Analytics

8

Reproducibility, measured rather than assumed

Two years ago we ran an anonymised version of this comparison and promised a named one. This is it, with every method printed in…

Orla McCaffrey
3103 words

Five things a purity figure cannot tell you

A chromatogram is silent on everything that does not absorb: counter-ions, water, inorganic salts and non-chromophoric…

Callum Brathwaite
2019 words

Who signed this, and what did they undertake by signing it

Accreditation is granted for a defined scope of methods. A laboratory can be properly accredited and the test on your…

Harriet Oduya
1846 words

The badge economy, and what it is actually certifying

Every step between the laboratory report and the product page removes information, and the badge is the last step.

Harriet Oduya
1958 words

The certificate says 2026. The vial in your hand does not say anything.

What happens to traceability when bulk material is subdivided, repackaged and relabelled two or three times before sale.

Orla McCaffrey
1876 words

Leucine, isoleucine, and a difference no balance can measure

Stereochemical inversion changes the molecule, changes its biology, and changes its mass by exactly nothing.

Nikolaj Brandvold
2738 words

Date of analysis, date of manufacture, and the gap between them

A document is only as good as the chain that connects it to the material, and most chains here are two or three links longer…

Félix Oyarzún
1571 words

Six words a verification badge would need to mean anything

A badge asserts that something was tested. It does not assert what, when, on whose sample, by what method, or whether the lot on…

Orla McCaffrey
1977 words

Patient Notes

7

Why your laboratory interval differs from the one in the textbook

Two sources of noise sit under every number: how reproducible the assay is, and how much the analyte varies within the same…

Tamsin Okonjo
1712 words

When to stop escalating and when to stop entirely

We set out the questions that distinguish a symptom to manage from a dose to change.

Gabriel Ntonga
1494 words

What happens when the drug is taken away: three randomised answers

Three randomised withdrawal designs have tested what happens when treatment stops. Their results are consistent and they are…

Perpetua Nwachukwu
1952 words

What happens when the drug is taken away: three randomised answers

What was withdrawn, from whom, after how long, and what was measured afterwards.

Perpetua Nwachukwu
1426 words

The ceiling is a tolerability finding, not an efficacy one

We looked at what the dose-ranging data supports about going higher, and it is thinner and less flattering than the market…

Gabriel Ntonga
2482 words

Reading the retatrutide composition data without the press release

The trials measured mass. Nobody measured whether the participants got weaker.

Salomé Adeyemi
1497 words

A reference interval is not a target, and a result outside one is not a diagnosis

The arithmetic of the reference change value, worked for the analytes that matter here.

Tamsin Okonjo
1389 words

The Ledger

7

What a split-sample exercise can establish, and what it cannot

Duplicate submissions under different names test within-laboratory repeatability, which is a different quantity from…

Ruslan Yevtushenko
1577 words

The lowest effective dose is a real concept with almost no data behind it

What the labels permit, what clinicians do, and the size of the gap between them.

Harriet Oduya
1659 words

The submitted sample: the weakest link in the whole system

The condition on arrival is recorded by some services and not others, and it is one of the more informative lines in a report.

Noor Haddadin
2147 words

Custody, condition and the temperature nobody logged

Chain of custody, in a regulated setting, begins at sampling. Here it begins when the package arrives.

Sunniva Ørstavik
1613 words

The supply gap as a clinical event

Cost is the modal reason for discontinuation in every dataset we have seen, and it is absent from the clinical literature.

Teodor Lindqvist
2965 words

What SURMOUNT-1 tells us about maintenance, and what it does not

Every withdrawal trial compared full dose against nothing. The clinically interesting comparison — full dose against a reduced…

Imogen Thackeray
1503 words

Sending the same vial twice, under two names

Duplicate submissions under different names test within-laboratory repeatability, which is a different quantity from…

Ruslan Yevtushenko
2031 words

Laboratory Notebook

7

What freeze-drying actually removes, and what it leaves behind

Lyophilisation does not stop degradation. It slows every pathway by removing the solvent that most of them require, and the…

Callum Brathwaite
1547 words

Same mass, different molecule: why identity by mass is not identity

An isoaspartate rearrangement changes the molecule and not the mass. A method that confirms identity by molecular weight alone…

Perpetua Nwachukwu
1514 words

Why VendorInvestigate can tell you the mass is right and not that the sequence is

The Journal’s standing position: a mass that matches is necessary evidence of identity and nowhere near sufficient.

Callum Brathwaite
1837 words

Reading HbA1c in the presence of anaemia

HbA1c integrates roughly three months of glycaemia with the most recent weeks weighted most heavily. Almost every misreading of…

Lucía Berenguer
2113 words

Why TFC can be entirely straightforward and still tell you nothing about bioburden

The Journal has read several hundred certificates from twenty companies. We set out what the documents actually cover, and what…

Callum Brathwaite
1865 words

What changed after we published the first version of this

None of what this piece asks for is commercially sensitive, and all of it is already known to whoever released the batch.

Perpetua Nwachukwu
1926 words

A reference interval is not a target, and a result outside one is not a diagnosis

A twelve-analyte panel in a perfectly healthy person has roughly even odds of producing at least one flagged result.

Perpetua Nwachukwu
1751 words

Explainers

7

An error taxonomy for a market without a pharmacist

The recurring errors in this market are not exotic. They are a small set of arithmetic and reading failures, each capable of…

Marguerite Vasseur
1483 words

The interventions with trial support, and the much longer list without

Constipation is the most tractable of the effects and the most consistently under-managed.

Delphine Ruzek
1377 words

Reading a barrel: the graduation that is not the one you think

Dead space in the needle hub is a real and calculable loss, and it matters more at small volumes than anybody expects.

Priya Ramanathan, PharmD
1334 words

Hydration, protein and the two failures that compound each other

The intervention with the clearest evidence is the one nobody frames as an intervention: adjusting the dose.

Priya Ramanathan, PharmD
2239 words

Escalating past the approved maximum, examined honestly

We looked at what the dose-ranging data supports about going higher, and it is thinner and less flattering than the market…

Priya Ramanathan, PharmD
1429 words

Calibrated, qualified, accredited: three words that are not synonyms

System suitability is the set of checks demonstrating that the instrument and method were performing adequately when your sample…

Priya Ramanathan, PharmD
1800 words

The ceiling is a tolerability finding, not an efficacy one

Where the curve flattens, what flattens with it, and what does not.

Héctor Valmorida
1264 words

Contributors to this issue

MV

Marguerite Vasseur

Deputy Editor, Science

Marguerite Vasseur ran a receptor-pharmacology bench for six years — GPCR trafficking, mostly, with a two-year detour…

CB

Callum Brathwaite

Analytical Chemistry Correspondent

Callum Brathwaite spent fourteen years in contract analytical laboratories, the last six running a peptide…

AS

Aurelio Sanmartín

International Correspondent, Latin America

Aurelio Sanmartín reports on access, pricing and regulation across Latin America — the region where the gap between a…

IA

Inés Abernathy

Editor-in-Chief

Inés Abernathy founded The Compound Journal in January 2024 after eleven years covering pharmaceutical manufacturing…

RY

Ruslan Yevtushenko

Contributing Writer, Economics

Ruslan Yevtushenko models the cost stack: API, fill-finish, packaging, cold freight, customs, payment processing, and…

FO

Félix Oyarzún

Contributing Writer, Analytics

Félix Oyarzún writes about identity confirmation: high-resolution mass spectrometry, isotope patterns, the difference…

NH

Noor Haddadin

Supply Chain Editor

Noor Haddadin traces peptides backwards: from the vial to the packager, the packager to the synthesis house, the…

RD

Roshan Devakumar

Senior Writer, Manufacturing

Roshan Devakumar covers synthesis and scale: solid-phase versus hybrid routes, coupling reagents, the economics of a…

LB

Lucía Berenguer

Cold Chain Correspondent

Lucía Berenguer covers stability and cold chain: lyophilised versus solution, mean kinetic temperature, what actually…

OM

Orla McCaffrey

Staff Writer, Analytics

Orla McCaffrey covers the independent testing services — Janoshik, Medutest, PeptideMeter and VendorInvestigate — as…

TO

Tamsin Okonjo

Staff Writer, Letters

Tamsin Okonjo edits the letters column. Roughly a thousand readers write to the Journal each month; she reads all of…

YM

Yuki Morishita

Staff Writer, Pharmacology

Yuki Morishita writes about exposure: half-lives, accumulation, steady state, albumin binding, why a once-weekly…

Also filed

the rolling newsroom, January 2026